Chapter 14
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Created by:
loscabos95 on September 12, 2010
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10 terms
Terms | Definitions |
|---|---|
 Cash dividend | A pro rata (proportional to ownership) distribution of cash to stockholders. |
| Declaration date | The date the board of directors formally declares a dividend and announces it to stockholders. |
| Deficit | A debit balance in retained earnings. |
| Dividend | A corporation's distribution of cash or stock to its stockholders on a pro rata (proportional) basis. |
| Earning per share | The net income earned by each share of outstanding common stock. |
| Liquidating dividend | A dividend declared our of paid-in-capital. |
| Payment due date | The date dividend checks are mailed to stockholders. |
| Prior period adjustment | The correction of an error in previously issued financial statements. |
| Record date | The date when ownership of outstanding shares is determined for dividend purposes. |
| Retained earnings | Net income that is retained in the business. |
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